For Sale
$6,300,000

974 600 Provo, UT 84601

24 Units, High Potential, Utah

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 24-unit multifamily portfolio situated in southwest Provo, Utah. Comprising six fourplex buildings on separate 1.13-acre parcels (APN 040100031), this property offers significant potential for value appreciation and cash flow generation. The portfolio boasts a total of 26,112 square feet, with each unit priced at $262,500, resulting in an overall asking price of $6,300,000 ($241.27 per square foot). Built in 1980, the property benefits from recent improvements, including new asphalt and the remodeling of eight apartments. While some units feature central air conditioning, the property presents a promising "turnaround project" currently in progress. The location is advantageous, situated across from a newer townhome development. Conventional financing is feasible for each building individually, offering favorable loan terms. Detailed financial information, including an APOD and proformas, is readily available upon request. This portfolio represents a compelling investment opportunity for those seeking strong returns in a desirable Utah market.

Highlights

  • Exceptional 24-unit multifamily investment opportunity in southwest Provo, Utah.
  • Six fourplex buildings on six separate 1.13-acre parcels (APN 040100031), totaling 26,112 square feet.
  • Asking price: $6,300,000 ($241.27 PSF); individual unit price: $262,500.
  • Built in 1980, with recent improvements including new asphalt and eight remodeled apartments; "turnaround project" underway.
  • Favorable location across from a new townhome development; conventional financing available per building.

Property Details for 974 600

Property type
Apartment buildings
Square Feet
26,112 SF
Year Built
1980
Buildings
6
Lot Size (sq. ft)
49,223 SF
Units
24

Location Insight

City
Provo
County
Utah
State
Utah
Latitude
40.227093996319
Longitude
-111.67581812202

FAQs

What type of property is this?
Apartment building - 24 Units, High Potential, Utah
Where is the apartment building located?
The property is located at 974 600 Provo, UT.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Exceptional 24-unit multifamily investment opportunity in southwest Provo, Utah.; Six fourplex buildings on six separate 1.13-acre parcels (APN 040100031), totaling 26,112 square feet.; Asking price: $6,300,000 ($241.27 PSF); individual unit price: $262,500.
How can I contact the broker?
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974 600
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